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Income Velocity of Money
A measure of how quickly money in circulation is used for purchasing goods and services, calculated as the ratio of nominal GDP to a country's total money supply.
Non-interventionists
Advocates or policies favoring minimal political or military involvement by a country in international affairs.
Keynesian Economists
Economists who follow the principles of Keynesian economics, emphasizing the role government policy and fiscal measures play in managing economic cycles.
Discretionary Economic Policies
Economic policies based on judgment or choice rather than set rules, often involving government intervention in the economy through spending and taxation decisions.
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